Nifty IT Prediction for Tomorrow: Key Levels and Outlook for Monday 24 August 2026

August 21, 2026
Posted by: Kunal Singla
Category: Predictions

Nifty IT at 30,532.25 (-0.46%) on 18 Aug 2026. High: 30,693.35. Low: 30,337.00. Support: 30,200-30,213. Resistance: 30,615.

Quick Answer

The Nifty IT prediction for Monday is cautiously bearish to sideways. The index closed at 30,532.25 (-0.46%) on 18 August 2026. Ankit Jaiswal notes critical support at 30,200-30,213 and resistance at 30,615 for the Nifty IT prediction for Monday. Kunal Singla observes that a sustained hold above 30,200 is essential for the Nifty IT prediction for Monday to remain constructive. Nifty IT fell -0.46% for its second consecutive sharp decline, making it the worst sectoral performer on 18 August.

The Nifty IT prediction for Monday follows the 18 August session where the index settled at 30,532.25 (-0.46%). The intraday range was 30,337.00 to 30,693.35 on a day when Nifty 50 fell +0.08% to 24,252.00 and VIX settled at 11.20. Ankit Jaiswal, Research Analyst at Univest, notes that the Nifty IT prediction for Monday is shaped by today’s price action and global cues for Monday 24 August 2026.

Kunal Singla, Research Analyst at Univest, observes that the Nifty IT prediction for Monday will be directed by overnight Gift Nifty futures and FII flow data. India VIX settling at 11.20 (+4.09%) signals measured selling. A move above 30,615 in the Nifty IT prediction for Monday would be the first bullish signal, while a break below 30,200 would signal caution.

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Table of Contents

Today’s Market Recap: Nifty IT on 21 August 2026

Nifty IT: Closed at 30,532.25 (-0.46%) on 18 August 2026. Intraday range 30,337.00 to 30,693.35.
Broader Context: Nifty fell +0.08%, Sensex +0.00%. Axis Bank (+1.44%) was the day’s standout large-cap performer.
Institutional Flows: FII net buyers Rs 508 Cr on 14 Aug. Today’s 18 Aug provisional data is a key overnight update.

Nifty IT Prediction for Monday: Technical Analysis

Ankit Jaiswal’s Nifty IT prediction for Monday identifies 30,200-30,213 as the immediate support. A hold above 30,200 keeps the Nifty IT prediction for Monday cautiously bearish to sideways. A break below could target 30,000 in the Nifty IT prediction for Monday.

On the upside, the Nifty IT prediction for Monday places resistance at 30,615. Kunal Singla notes that a close above 30,615 on 21 August would extend the Nifty IT prediction for Monday toward 30,800. RSI is consistent with the current cautiously bearish to sideways bias in the Nifty IT prediction for Monday.

Trend for 24 August 2026 (Monday): Sideways to Bearish
Support: 30,200-30,213 | 30,000
Resistance: 30,615 | 30,800

Global Cues for Nifty IT Prediction for Monday

US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 24 August 2026 (Monday)

Indian markets closed Saturday 22 and Sunday 23 August — Monday 24 August opening gap set entirely by weekend global cues
Gift Nifty futures Monday morning is the primary pre-open directional indicator for all Nifty 50 and Bank Nifty predictions for Monday
FII provisional data for Friday 21 August (released Monday) confirms weekly institutional direction
VIX closed at 11.20 (+4.09%) on Friday — slight uptick from Thursday but still below 12; Watch Monday VIX opening for direction

Stocks to Watch Tomorrow

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
TCS	2,302.00	+0.17%	Support: 2,280 \| Resistance: 2,307
Infosys	1,121.00	-0.80%	Support: 1,105 \| Resistance: 1,132
Wipro	615	-1.00%	Support: 608 \| Resistance: 628
HCL Technologies	1,778	-0.80%	Support: 1,762 \| Resistance: 1,810
Tech Mahindra	1,540	-0.50%	Support: 1,525 \| Resistance: 1,568

Explore Sector Stocks on Univest Screener

Strategy for Nifty IT on Monday 24 August 2026

Buy Nifty IT dips toward 30,200-30,213 with stop below 30,000 for the Nifty IT prediction for Monday
A break above 30,615 in the Nifty IT prediction for Monday targets 30,800; trail stop at 30,200
Watch index heavyweights at key levels as leading indicators for the Nifty IT prediction for Monday
Monitor VIX: a rise above 12 on 21 August calls for tighter stops in the Nifty IT prediction for Monday

What Does Market Sentiment Indicate for Nifty IT Prediction for Monday?

Sentiment for the Nifty IT prediction for Monday is cautiously bearish to sideways. Ankit Jaiswal notes that India VIX at 11.20 signals low volatility, supporting range-bound trading in the Nifty IT prediction for Monday. The Nifty IT prediction for Monday will be guided by whether Nifty 50 holds the 24,100 to 24,150 support zone on 21 August.

Kunal Singla observes that FII buying (Rs 508 Cr on 14 Aug) provides a structural support floor. Today’s provisional 18 Aug FII data, if positive, will further underpin the Nifty IT outlook for 21 August. The 30,200-30,213 level is the key watch: a hold keeps the Monday’s Nifty IT forecast constructive heading into Monday 24 August 2026.

Risks to the Wednesday’s Nifty IT outlook

A Nifty 50 break below 24,100 would likely drag the index’s prediction for 21 August through its support
Weak overnight global cues could create a gap-down that tests the sector’s 21 August outlook support
Sector-specific news could create sharp moves beyond the Nifty IT’s Wednesday prediction technical levels
A VIX spike above 12 would increase volatility in the Nifty IT outlook for 21 August and require wider stop-losses

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Conclusion

The Monday’s Nifty IT forecast is cautiously bearish to sideways with the index at 30,532.25 (-0.46%) on 18 August 2026. Ankit Jaiswal’s Wednesday’s Nifty IT outlook places support at 30,200-30,213 and resistance at 30,615. Kunal Singla notes that a break above 30,615 would confirm the index’s prediction for 21 August as bullish.

Traders should use the defined levels in the sector’s 21 August outlook with stop-losses. Download the Univest app for live Nifty IT updates and expert research on the Nifty IT’s Wednesday prediction.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions

What is the Nifty IT outlook for 21 August?

Ans. The Monday’s Nifty IT forecast is cautiously bearish to sideways. The index closed at 30,532.25 (-0.46%) on 18 August 2026. Support is at 30,200-30,213 and resistance at 30,615. Ankit Jaiswal notes the Wednesday’s Nifty IT outlook stays cautiously bearish to sideways above 30,200.

What are the Nifty IT support and resistance levels for Monday 24 August 2026?

Ans. the index’s prediction for 21 August places immediate support at 30,200-30,213 and strong support at 30,000. Resistance is at 30,615 and 30,800. These define the sector’s 21 August outlook trading range.

Which stocks should traders watch for the Nifty IT’s Wednesday prediction?

Ans. For the Nifty IT outlook for 21 August, monitor the top index constituents by weightage at their key support and resistance levels as leading indicators for Monday 24 August 2026.

How do global cues affect the Monday’s Nifty IT forecast?

Ans. US markets fell 0.20% on 14 Aug and Nifty fell +0.08% on 18 Aug. FII buying of Rs 508 Cr provides support, while weak global macro adds mild headwinds for the Wednesday’s Nifty IT outlook.

What is the trading strategy for the index’s prediction for 21 August?

Ans. For the sector’s 21 August outlook, Ankit Jaiswal recommends buying dips toward 30,200-30,213 with stop below 30,000. Kunal Singla advises chasing a break above 30,615 targeting 30,800. Monitor VIX and FII flows for confirmation.

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Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.